DISCUSSIONS: Ownership of SARB

The Economic Freedom Fighters have in the past week introduced a bill to Parliament that seeks to nationalise the Reserve Bank.
If it is passed, this will make the state the sole owner of the shares in the bank. Reserve Bank governor Lesetja Kganyago has said in media interviews that the central bank will do everything in its power to protect its independence. But has said that the the bank will co-operate with all governmental and parliamentary processes tasked to look at options to nationalise the bank. Kganyago says the move would be costly and poses a risk to the economy. The ruling ANC also resolved at its conference in December to nationalise the Reserve Bank, saying the current ownership structure was a historical anomaly. To take this further, we are joined in studio by Professor Jannie Rossouw, the head of school of economics and business science at Wits University and Accountant and analyst Khaya Sithole.
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